Definition of 'Ascending Triangle'
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trend lines. In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trend lines. In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
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Below these are the Bullish Ascending Triangle Pattern stocks on December 14, 2012.
LOV Spark Networks, Inc.
ADBE Adobe Systems Inc.
DWSN Dawson Geophysical Co.
ROSE Rosetta Resources, Inc.
OMG OM Group Inc.
CMI Cummins Inc.
TRK Speedway Motorsports Inc.
EMR Emerson Electric Co.
WSFS WSFS Financial Corp.
SMP Standard Motor Products Inc.
RHP Ryman Hospitality Properties, Inc.
THRM Gentherm Incorporated
SRE Sempra Energy
LOGM LogMeIn, Inc.
MWV MeadWestvaco Corporation
SNHY Sun Hydraulics Corp.
OCR Omnicare Inc.
WTW Weight Watchers International, Inc.
WAT Waters Corp.
GNOM Complete Genomics, Inc.
ASEI American Science & Engineering Inc.
VVC Vectren Corporation
CASH Meta Financial Group, Inc.
AAME Atlantic American Corp.
IRE The Governor and Company of The Bank of Ireland
RTLX Retalix Ltd.
MFLR Mayflower Bancorp, Inc.
MSM MSC Industrial Direct Co. Inc.
AKAM Akamai Technologies, Inc.
UTX United Technologies Corp.
SRCL Stericycle, Inc.
NDAQ Nasdaq OMX Group Inc.
PX Praxair Inc.
ABM ABM Industries Inc.
CYN City National Corp.
PODD Insulet Corporation
AJG Arthur J Gallagher & Co.
KMB Kimberly-Clark Corporation
TFX Teleflex Incorporated
CMS CMS Energy Corp.
KBALB Kimball International, Inc.
MGRC McGrath Rentcorp
NU Northeast Utilities
HLF Herbalife Ltd.
LTON Linktone Ltd.
GM General Motors Company
ACY AeroCentury Corp.
PDEX Pro-Dex Inc.
GET Gaylord Entertainment Co.
